In the American Business Community at the End of the Nineteenth

question 15

Multiple Choice

In the American business community at the end of the nineteenth century,

• A)one percent of businesses controlled one-third of all manufacturing.
• B)almost all corporations had achieved stability through "pool" arrangements.
• C)federal reforms of corporations had ended the most predatory business practices.
• D)most states had made it illegal for one corporation to buy another one.
• E)rampant competitiveness and labor shortages helped to keep prices down and wages up.

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Definitions:

Liability Insurance

A type of insurance that provides protection against claims resulting from injuries and damage to people and/or property.

Rental Contract

A written or verbal agreement between a lessor and lessee that stipulates the terms and conditions under which a property, vehicle, or piece of equipment is rented.

Prepaid Insurance

An asset account representing insurance payments made in advance for coverage extending beyond the current accounting period.

Equipment Rent

Equipment rent refers to the cost associated with leasing machinery, tools, or other equipment for a specified period, instead of purchasing them outright.